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<br />GPEIJ END MORTGAGc" Q~y
<br />JANICE M. THAYER AND ERNEST J. THAYER, wife and husband; AND ~+"~ --~Z1~JQXg~
<br />PATRICIA E. WISSEL AND ROBERT L WISSEL wife and husband herein called the
<br />Mortgagor whether one or more, in consideration of ONE HUNDRED SEVENTY THREE THOUSAND 'AND
<br />ND/100 ------------------------------------- Dollars loaned to said Mortgagor, does mortgage
<br />to HOME-FEDERAL SAVGJGS AND LOAN ASSOCIATION, its successors and assigns, the following
<br />deseri:bed real estate in66~EEWWHAOoLppL _ County, Nebraska: A TRACT OF LAND COMPRISING
<br />TIC LARtOYEDESCRIBED W~S~FOLLOOWS: BEGBNNINGIAT~THETSOOUTt1WEST CORNER~OFNSAIDS OTAONEM(~1.);THENCE
<br />RUNN?NG EAST ALONG THE SOUTH LINE OF SAID LOT ONE (i), A DISTANCE OF FOUR HUNDRED>EI~HT AND
<br />SIXTY-FIVE HUNDREDTHS (40$.65) FEET; TO THE SOUTHEAST CORNER OF SAID LOT ONE (1}•, THENCE
<br />RUNNINr NORTHWESTERLY ALONG THE NORTHEASTERLY LINE OF SAID LOT-ONE (1} AND ALSO BEING'ON
<br />THE SOUTHWESTERLY LINE OF STOEGER DRIVE, A OISTANCE OF THREE HUNDRED EIGHTY THREE AND FIFTY-
<br />FIVE HUNDREDTHS (383.55) FEET; THENCE RUNNING SOUTHWESTERLY, PARALLEL TO THE PROLONGATION
<br />OF THE NORTHWESTERLY LINE OF BAUMANN DRIVE, A DISTANCE OF TWO HUNDRED-AND FIFTEEN HUNDREDTHS
<br />(2D0.15) FEET, TO A POINT ON THE WEST LINE OF SAID LOT ONE (1); THENCE; RUNNING`.--SOUTH-ALONG
<br />THE. WEST LINE OF SAID LOT ONE (i), A DISTANCE OF ONE'HUNDRED FORTY ONE AND SIXTY FOUR NtiN=
<br />DREDTHS (141.64) FEET TO THE POINT OF BEGINNING, SAID TRACT CONTAINING 1.546,ACRES P•10RE Oil'
<br />LESS.
<br />SUBJECT TD PRIOR LOANS IN FAVOR OF HDME FEDERAL SAVINGS A LOAN ASSOCIATICN OF GRAND:.ISLAND
<br />iN THE ORIGINAL AP10UNT OF $600 000.00 RECORDED AS DODUMENT N0.79-000526 AND $125,000.00
<br />REdfORP~D AS DOC~IMENT #79-00$25 OF TtH~ M~~~GrAGE.~E~4RD~SuQFdHAlo15 C4~1N~'~er~~$~ss~Txtures
<br />art a Basemen s and appur~enances ge wiT p
<br />or appurtenances now or hereafter erected thereon, includir,q all apparatus, equipment,
<br />fixtures or articles, whether in single units or centrally co:~trolled, used to supply
<br />heat, gas, air-conditionir,c, water, light, power-, refrigeration, ventilation ar-other
<br />sereices, and any other thing noon- ar tereafter therein or thereon, the furnishing at
<br />which by lessors to lessees for an unfurnished building similar io the one Haw or here-
<br />after on said eremises is customary or appropriate, inr_luding, but not limited to, screens,
<br />window shades, storm doers and windows, carpeting and other floor coverings, screen doors,
<br />'awnings, built-in dishwashers, stoves, refrigerators, and water heaters and all renewals
<br />ar replacements tttereaf fail of which are intended to be and are hereby declared to be a
<br />part of said real estate whether physically attached thereto or not.) The Association
<br />is hereby subrogated to the rights of all mortgagees, lienhofders and owners paid off by
<br />the proceeds of the loan hereby secured.
<br />TO HAVE AiVO TO HOLD the said property, with said buildings, improvements, fixtures,
<br />appurtenances, apparatus and equipment, unto said Assaciation, its successors and assigns,
<br />forever.
<br />Mortgagor hereby covenants with said .Associafiion, its successors and assigns, that
<br />Mortgagor is lawfully seized of said premises, that they are free of encumbrance., and
<br />that Mortgagor will forever warrant and defend the title to said premises against the
<br />lawful claims of a!I persons whomsoever.
<br />THIS t~RTGAGE 1;3 G(VE?!J TD SECURE: il) Tree payment of a ^Jate ex~t:cuted by P'crtgagor
<br />to the. Association bearir.~g ad~n dare here-.cith ir. rn= ,~~rincipai sum as set forth above,
<br />wi;iat mate, ,rrirciaal gnu interest, is payable in r;nih!y installr?iants accordinc: to ti's
<br />terms, with a final maturity, unless stoner paid, on the 1st day of February
<br />1999 The balder Hereof shall have the option to accelerate the maturity of the note
<br />rorwhich this martoaee is given as security, at any time after the Mdreh 1, 1990 loan
<br />year afterrirst giving the undersigned or the then owner of the premises described herein
<br />a written notice three months ir, advancw of its intent to do so. Any prepayment of
<br />principal made by virtue of the exercise of this option shall be without prepayment
<br />premium. (c) Any additional advances made by the Assaciation to .=tartgagor, or Mortgagor's
<br />successors in title, for any purpose, at the option of the Assaciation, at any time bEfore
<br />the release and cancellation of this Mortgage, but at no mime shall this f~tortgage secure
<br />advances an account of said original note and such additional advances in a Burn in excess
<br />of ONE HUNDRED SEVENTY THREE THOUSAND DOLLARS AND NO/100 -- --Dollars; nr-ovided that nothing
<br />herein contained shalt be considered as limiting the amount that shall be secured hereby
<br />when advanced to protect the security or in accordance with covenants contained in this
<br />mortgage.
<br />Provided, nevertheless, these presents are upon the following conditions: that whereas,
<br />the said Mortgagor is a member of said Association, has executed a note in writing to said
<br />Association to repay sum of money, whit interest, in payments as set forth in said
<br />i'Jete, and any and ai( additional advances, with interest, andr,as agreed to abide by the
<br />Constitution and By-Laws of said Association, and rules and regulations adopted-by its
<br />esoard of Directors; and agreed and do hereby agree:
<br />1. Ta pay the indebtedness hereby secured promptly and in tul; compliance with the
<br />terms of the aforesaid Promissory .dote and any other notes or agreements for additional
<br />advances as provided herein and of this 'Mortgage and further agrees chat at the sole option
<br />~f t~rtgagee the time of payment of the indebtedness hereby secured, ar any portion there-
<br />of, may ba ext~inded ar renewed, and any partien of the premises herein described may,
<br />without notice, be released from the }fen hereof w;thaut releasing or affecting the }.ersanal
<br />tiabili#y of the Mortgagor herein for the payment of said indebtedness then remaining
<br />uq~a-id, dnG nc3# change in the ownership of said pr'em'rsras shall release, reduce or otherwise
<br />affect at)y sucft-.perspnal liability ar-the lien hereby ^rsated.
<br />'. t3ndersSgned reservrs 'the right to prepay this nc;te ir; m~hUie ar in part on any
<br />lnstatlmvnt payo3ar:t date prior to ,~__ ^,ears trc:n the date hereof by the caym2nt of a.
<br />avcrued Int~xrast to fiht~ ~}atE~ :;f sucl^ prepaya;rc;nt fir,Va°t{~.r- with a pr'epayrrent lea equal 'n
<br />ar;ravnt .~ !t50 °dcpys intera~.t cn fhd r7rrprunt sa i:repai;2, an:; i f r>repaid after ~~h datti ttreAr:>
<br />auil ~~ r~• pr~~I+s~~=mnsnt f~~. 7hst ;,revaym~n,' sr~e ~~:,u c.. .rg~;d ~ea~ i r;~# . x.~.a~ci~ he .aah„~'w~~
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